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KPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA KPS to Leverage Successful Track Record Investing in Metals to Accelerate Growth NEW YORK, March 5, 2021 /PRNewswire/ KPS Capital Partners, LP ( KPS ) today announced that it has signed a definitive agreement to acquire the global aluminum rolling business ( Rolling or the Company ) from Norsk Hydro ASA (NHY.OL, Hydro ) for €1.38 billion (approximately $1.67 billion). Completion of the transaction is expected mid-year 2021 and is subject to customary closing conditions and approvals. The Company is one of the largest global manufacturers of aluminum rolled products, serving customers across a diversified set of end-markets including beverage can, automotive, foil packaging, and building and construction. The Company s assets consist of seven manufacturing facilities and one R&D center across Germany and Norway, including Alunorf, the world s largest aluminum rolling mill, and Grevenbroich, the wo

Nordrhein westfalenKyle mumfordEinar glomnesMichael psarosWharton garrisonClifford chanceGoldman sachsGlobal leaderAluminum rollingBecome independentLeverage successful track record investingNorsk hydroCo managing partnerExecutive vice presidentWeinberg partnersNorway based hydro